Laguna Vista Community Development Corporation
- Assets
- $312.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Isabel, TX
- Founding
- 04/2000
- Data as of
- 09/2023
- EIN
- 74-2904122
Organization Overview
Laguna Vista Community Development Corporation is located in Port Isabel, TX. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna Vista Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Laguna Vista Community Development Corporation generated $125.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $127.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MAINTAINING AND OPERATING PUBLICLY OWNED OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathren Bardisbanian Vice-President | 1 | $0 | |
Terri Galloway President | 1 | $0 | |
Janie Petty Member | 1 | $0 | |
Leigh West Member | 1 | $0 | |
Rendie Gonzales General Manager | 1 | $0 | |
Betina Tolin Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,270 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,716 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,986 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,000 |
| Professional fees and other payments to independent contractors | $5,032 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $7,995 |
| Other expenses | $107,772 |
| Total expenses | $127,799 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $271,460 |
| Other assets | $0 |
| Total assets | $312,055 |
| Total liabilities | $0 |
| Net assets or fund balances | $312,055 |